Civic Intelligence

Laredo College Education Foundation

990 • Fiscal year 2013 • EIN 94-3421360

Jan 01, 2013 to Dec 31, 2013 • Filed on May 12, 2014

Organization Profilewww.laredo.edu/lc-educational-foundation/about.html
West End Washington Street78041

(956) 721-5812

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

93rd percentile

57%

Higher net margin than 93% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

90th percentile

54%

Faster asset growth than 90% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$599,348

Up $210,288 (+54%) from 2012

Net Assets

Up

$599,348

Up $210,288 (+54%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin93rd percentile

Revenue

$362,739

No earlier filing loaded for comparison.

Expenses

Down

$155,644

Down $221,443 (-59%) from 2012

Net Income

$207,095

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $502,796Liabilities 2010: $0Net Assets 2010: $502,7962010Assets 2011: $406,856Liabilities 2011: $0Net Assets 2011: $406,8562011Assets 2012: $389,060Liabilities 2012: $0Net Assets 2012: $389,0602012Assets 2013: $599,348Liabilities 2013: $0Net Assets 2013: $599,3482013Assets 2015: $729,488Liabilities 2015: $0Net Assets 2015: $729,4882015Assets 2016: $759,313Liabilities 2016: $0Net Assets 2016: $759,3132016Assets 2017: $784,059Liabilities 2017: $0Net Assets 2017: $784,0592017Assets 2018: $382,740Liabilities 2018: $0Net Assets 2018: $382,7402018Assets 2019: $583,385Liabilities 2019: $0Net Assets 2019: $583,3852019Assets 2020: $1,309,468Liabilities 2020: $0Net Assets 2020: $1,309,4682020Assets 2021: $1,390,522Liabilities 2021: $0Net Assets 2021: $1,390,5222021Assets 2022: $1,428,818Liabilities 2022: $0Net Assets 2022: $1,428,8182022Assets 2023: $412,515Liabilities 2023: $0Net Assets 2023: $412,5152023Assets 2024: $327,800Liabilities 2024: $0Net Assets 2024: $327,8002024

Highlighted filing

2013

Assets$599,348
Liabilities$0
Net Assets$599,348
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $234,3672010Expenses 2011: $522,5022011Expenses 2012: $377,0872012Revenue 2013: $362,739Expenses 2013: $155,644Net Income 2013: $207,0952013Revenue 2015: $214,306Expenses 2015: $164,161Net Income 2015: $50,1452015Revenue 2016: $308,048Expenses 2016: $283,402Net Income 2016: $24,6462016Revenue 2017: $215,444Expenses 2017: $190,321Net Income 2017: $25,1232017Revenue 2018: $23,553Expenses 2018: $482,654Net Income 2018: -$459,1012018Revenue 2019: $223,119Expenses 2019: $25,448Net Income 2019: $197,6712019Revenue 2020: $1,115,106Expenses 2020: $387,092Net Income 2020: $728,0142020Revenue 2021: $231,803Expenses 2021: $152,447Net Income 2021: $79,3562021Revenue 2022: $389,097Expenses 2022: $351,957Net Income 2022: $37,1402022Revenue 2023: $361,139Expenses 2023: $1,380,378Net Income 2023: -$1,019,2392023Revenue 2024: $423,570Expenses 2024: $511,245Net Income 2024: -$87,6752024

Highlighted filing

2013

Revenue$362,739
Expenses$155,644
Net Income$207,095
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 12, 2014
Return Version
2013v3.1
Gross Receipts
$362,739
Mission and Program Overview

Mission

To support and promote for the use and benefit of laredo college and literary, scientific, education or cultural undertakings.

To support and promote for the use and benefit of laredo community college and literary, scientific, education or cultural undertakings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$382,855$589,947▲ $207,092
Investments in Publicly Traded Securities$6,205$9,401▲ $3,196
Total Assets$389,060$599,348▲ $210,288
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$284,253$483,381▲ $199,128
Permanently Rstr Net Assets$56,291$64,401▲ $8,110
Unrestricted Net Assets$48,516$51,566▲ $3,050
Total Net Assets Fund Balance$389,060$599,348▲ $210,288
Total Liabilities and Net Assets / Fund Balance$389,060$599,348▲ $210,288

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$56,207$5,000▲ $3,196-$64,403
2012$56,293-▼ $86-$56,207
2011$56,872-▼ $579-$56,283
2010$56,489-▲ $383-$56,872
2009$57,489-▼ $1,001-$56,489
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Richard E SamesPresident
Millie SlaughterAdvisory Director
Antoniette VelaDirector
Danielle MarascoDirector
Henri D KahnDirector
Juvenil J HaynesDirector
Radcliff KillamDirector
Vicente V Garza JrDirector
Roseanne PalaciosSecretary
Carlos GarciaTreasurer
Edward C SherwoodVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$353,050
Program Service Revenue
$333
Investment Income
$9,356
Other Revenue
$0
Change in Net Assets
$207,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$155,644
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$147,824--$147,824
Fees for Services Other-$5,145-$5,145
Fees for Services Accounting-$2,675-$2,675
Total Functional Expenses$147,824$7,820$0$155,644
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 and compiled financial statements are presented to the full board at one of its quarterly meetings”

Form 990, Page 6, Part VI, Line 19

“NEWSPAPER NOTICE”

Filing and Contact Details

Filer

EIN
94-3421360
Phone
9567215812

Signing Officer

Name
Richard E Sames
Title
President
Phone
9567215812
Signed
2014-05-12

Organization Details

Principal Officer
Richard E Sames
Formed
2001
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Preparer
Mario Gonzalez Jr CPA
Phone
9567120303
Supplemental Narrative

Additional Explanations

Form 990, Part III

“Schedule o - additional information - program services laredo community college 143,550 scholarhips 4,274”

Form 990, Page 2, Part III, Line 4D

“To assist the students of laredo community college by providing fellowships and scholarships for worthy, needy and deserving students; to provide the means for improvement in instruction and equipment available to the students; and to finance those things necessary or appropriate to building an educational institution of excellence.”

Form 990, Part XI, Line 9

“Increase in value of stock 3,196 0 rounding 3”

Raw XML Appendix349 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCHEDULE O - ADDITIONAL INFORMATION - PROGRAM SERVICES LAREDO COMMUNITY COLLEGE 143,550 SCHOLARHIPS 4,274
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO ASSIST THE STUDENTS OF LAREDO COMMUNITY COLLEGE BY PROVIDING FELLOWSHIPS AND SCHOLARSHIPS FOR WORTHY, NEEDY AND DESERVING STUDENTS; TO PROVIDE THE MEANS FOR IMPROVEMENT IN INSTRUCTION AND EQUIPMENT AVAILABLE TO THE STUDENTS; AND TO FINANCE THOSE THINGS NECESSARY OR APPROPRIATE TO BUILDING AN EDUCATIONAL INSTITUTION OF EXCELLENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 AND COMPILED FINANCIAL STATEMENTS ARE PRESENTED TO THE FULL BOARD AT ONE OF ITS QUARTERLY MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NEWSPAPER NOTICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INCREASE IN VALUE OF STOCK 3,196 0 ROUNDING 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0284253
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0483381
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0389060
IRS990/TotalAssetsEOYAmt0599348
IRS990/TotalAssetsGrp/BOYAmt0389060
IRS990/TotalAssetsGrp/EOYAmt0599348
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0353050
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07820
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0147824
IRS990/TotalFunctionalExpensesGrp/TotalAmt0155644
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0389060
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0599348
IRS990/TotalOtherProgSrvcExpenseAmt0147824
IRS990/TotalProgramServiceExpensesAmt0147824
IRS990/TotalProgramServiceRevenueAmt0333
IRS990/TotalRevenueGrp/ExclusionAmt09689
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0362739
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0389060
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0599348
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt048516
IRS990/UnrestrictedNetAssetsGrp/EOYAmt051566
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine106721 MCPHERSON RD STE 360
IRS990/USAddress/City0LAREDO
IRS990/USAddress/State0TX
IRS990/USAddress/ZIPCode078041
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD E SAMES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09567215812
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine10LCC EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LCCE
ReturnHeader/Filer/EIN0943421360
ReturnHeader/Filer/PhoneNum09567215812
ReturnHeader/Filer/USAddress/AddressLine10WEST END WASHINGTON STREET
ReturnHeader/Filer/USAddress/City0LAREDO
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode078041
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10MARIO GONZALEZ CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10602 E CALTON RD STE 4
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0LAREDO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0780413693
ReturnHeader/PreparerPersonGrp/PhoneNum09567120303
ReturnHeader/PreparerPersonGrp/PreparationDt02014-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIO GONZALEZ JR CPA
ReturnHeader/ReturnTs02014-05-13T13:55:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$599,348
Liabilities
$0
Net assets
$599,348
Revenue
$362,739
Expenses
$155,644
Net income
$207,095
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.42$0.51$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.36$1.38$1.02
2022Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.39$0.35$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.23$0.15$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$1.12$0.39$0.73
2019Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.22$0.03$0.20
2018Summary only. Only limited summary data is available for this year.$0.38$0.00$0.38$0.02$0.48$0.46
2017Summary only. Only limited summary data is available for this year.$0.78$0.00$0.78$0.22$0.19$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.31$0.28$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.21$0.16$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.36$0.16$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.00$0.39$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.00$0.41$0.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$0.23